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GSR Ventures Targets $350m fundraise

privateequitywire

3 months ago

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GSR Ventures, a backer of Chinese social media app RedNote, is seeking to raise a new $350m fund focused on China’s venture capital market, with the firm indicating that potential investors may gain exposure to RedNote shares through GSR’s existing fund, according to a report by Bloomberg.
The process could also provide liquidity options for investors in GSR’s current fund backing RedNote, which is now more than a decade old. RedNote is currently valued at approximately $50bn within GSR’s existi...

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